SGPP Assessment

Smart Guaranteed Pension Plan provides?

• Only Immediate Annuity

• Only Deferred Annuity

• Both Immediate & Deferred annuity

PPT under Smart Guaranteed Pension Plan is

• Only Single Pay

• Min 5 years

  Max 10 years

• Min & Max 10 years

• Both A & B

Under SGPP Single Life ROP, post death of the annuitant, nominee continues to receive the annuity amount till he/she survives.

• TRUE

• FALSE

Under SGPP Joint Life with ROP, after the death of the primary annuitant, what will happen?

• Secondary annuitant will receive 100% PP + Top up (if any) and annuity stops.

• Secondary annuitant will only continue to receive the same annuity till she survives and after her death, Annuity stops

• Secondary annuitant will continue to receive the same annuity till she survives and after her death, 100% PP+ Top up (if any) will be given to nominee and annuity stops.

• Secondary annuitant will continue to receive the same annuity till she survives and after her death, Nominee will continue to receive same annuity amount till he/she survives.

Mr. Avtar Kishan had purchased SGPP with 1 cr purchase price at 7% annuity rate in 2022. after receiving annuity for 4 years, he wants to surrender the plan and hence wants to know how much he will be receiving as surrender benefit?

• 22 lacs

• 86 lacs

• 72 lacs

• There is no surrender Value in SGPP

If the customer is opting Top Up in SGPP, what should be the minimum Top up amount allowed ?

• 5,00,000/-

• 1,00,000/-

• 2,00,000/-

• No Top Ups allowed

Under SGPP, multiple Top Ups are allowed till?

• 1st 5 policy years

• 1st 7 policy years

• 1st 10 policy tears

• No Top Ups are allowed under SGPP

Advanced Annuity Option is available under

• Life Annuity With ROP

• Life Annuity Only

• Joint Life Only

• Joint Life with ROP only

Advanced annuity option is meant for

• Only Secondary Annuitant after the death of the Primary Annuitant

• Only Primary Annuitant in case the death of the Secondary Annuitant

• Any of the annuitant in case of first death amongst the annuitant

• Any of the above

Under SGPP, after executing the Top Up, the new annuity rate will be applied on

• Overall Purchase Price

• Top Up Purchase price only

• Average Annuity rates will be applied on the overall purchase price

• None of the above